Liberty Shoes Ltd's Q2FY17 standalone net profit declines 3.91% yoy to Rs.1.72 crore

India Infoline Research Team | November 11, 2016 16:37 IST

Liberty Shoes Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 107.81 4.3
EDITDA 9.29 [0.9]
EBITDA Margin (%) 8.6 [45]
Net Profit (adjusted) 1.72 [3.9]
***EBITDA margin change is bps

Liberty Shoes’ Q2FY17 standalone net revenue for the quarter rose 4.3%% yoy to Rs 108 cr. This was due to strong growth in export revenues ( export sales of 12.9 cr this quarter versus 6 cr during Q2FY16) offsetting the 2% yoy decline in domestic revenues.

EBITDA for the period fell 0.9% yoy to Rs 9 cr and EBITDA margins dropped by 45 bps yoy to 8.6%. This was the impact of 5% yoy increase in operating expenses with cost of materials consumed increasing by 23% yoy.

Also, net profit for the year dropped by 3.9% yoy to Rs 1.72 cr led by a 3% yoy rise in finance costs.


Technical View:

Liberty Shoes Ltd is currently trading at Rs. 151.25, down by 2.1 points or 1.37% from its previous closing of Rs. 153.35 on the BSE.
The scrip opened at Rs. 152.95 and has touched a high and low of Rs. 153 and Rs. 149 respectively. So far 10099(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

BSE 141.20 [1.25] ([0.88]%)
NSE 140.50 [1.55] ([1.09]%)

***Note: This is a NSE Chart

 

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